It’s been awhile since I talked about our home-buying process. Not much has changed in the last couple months. We’ve just been saving like crazy – or as much as we could during the wedding planning shenanigans.
We were going to meet our high-end savings goal right at the end of our lease (April 2012), but with the money we received from the wedding, we will meet our goal at the end of this year (2011).
This is great news, but doesn’t change our plans much. I am adamant about buying towards the lower end of our desired price range, so since we’re meeting our high-end savings goal by year-end, we’ll probably be able to put more down on the house than we had anticipated.
How much are we saving? A lot. As much as we can. About 50% of our take-home pay (after taxes, retirement contributions, insurance, etc.). And even though we’re saving a lot of our income, it has still taken a LONG time to build up our savings to home-buying levels (well, our version of home-buying levels, anyway). Houses are expensive!
We have chosen a realtor! I actually JUST sent him the initial e-mail this morning letting him know that we wanted to meet and discuss the home-buying process with him. I really have no idea how this works. When I was drafting the e-mail, I felt like I was asking him out on a date almost! “Will you be my realtor?” sounds a little corny, right?
He is a great guy that we’ve known for a couple years through our church. Hopefully he wants to work with us! I’ll update on how that goes in my next home buying post.
At our initial meeting with our realtor, I’d like to just go over what we’re looking for and what we’re wanting to spend just so he can be on the look out for us. Then, I’d like to SERIOUSLY start house-hunting this fall – maybe starting in October. Like I’ve mentioned, our lease ends at the end of April, so it would be GREAT if we could time our move to coincide with our lease. I know that’s going to be hard to do as we move into 2012 (especially if we have any hiccups in the buying process). It’ll be interesting to see how things shake out once we start looking!
If you’re a homeowner, how did you choose your realtor?